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Prospective entrepreneurs may be hesitant to begin a brand new business this yr because they feel the client base shall be poor. Well, sure, the world is going by way of a pandemic that has impacted many people’ spending habits. Keep in mind that in any business, the first yr just isn’t normally a mattress of roses, even when it doesn’t take place throughout a pandemic. However, you could find it simpler in 2021 as there are already clients who want your product or services.

As you consider what your new business will do, make certain to assess in case you are able to decide to the work wanted to show your concept into a worthwhile business. It takes plenty of innovation and elbow grease to get a new business began. The Kutztown University SBDC offers the PitchThenPlan™ device, which can information you thru the steps to creating a basic pitch earlier than writing your formal marketing strategy. With social media usage at an all-time high, you possibly can’t afford to hit “pause” on this space of your business.

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This information consists of an outline of the 2021 tax submitting deadlines that apply to small businesses. Your firm may qualify for tax credits and deductions on important expenses, similar to business insurance, which may cut back your tax burden. If you’ve specific questions about when to file taxes in 2021, further data is on the market online by way of the IRS Small Business and Self-Employed Tax Center. If your corporation requests an extension, you could have until October 15 to submit your income tax return using Form 1120. You’ll be required to pay penalties, interest, and any remaining tax at that time. Most businesses and self-employed people must submit estimated tax funds quarterly and file an revenue tax return annually.

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Many seniors need help with everything from errands to repairs round the home. If you are a natural wordsmith with a bit of marketing data, you possibly can set up yourself as a freelance copywriter.

3D printing is taking the world by storm, and you’ll be a part of this revolution if you simply invest into a high-high quality 3D printer and offer it to other folks. Green energy solutions can result in dramatic financial savings, allowing some people to completely drop from the grid. Virtual actuality is the perfect match for arcades and will really deliver a new life to this dying business.

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